Section 17(5)(d) — Meaning of “On Own Account” After Safari Retreats (SC)
The Supreme Court in Safari Retreats (2024) has finally settled the meaning of “on own account” under Section 17(5)(d) of the CGST Act. This article explains how the Court’s interpretation clarifies blocked input tax credit on construction of immovable property, even where such property is used for leasing or other taxable business purposes.